May 2025 Market Update - Joe Han

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KW Bay Area Estates

Santa Clara County

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San Mateo County

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San Francisco County

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Alameda County

Jump to Alameda County Report

What’s your home really worth in today’s market?

That's really the question you should be asking yourself.

Our market is incredibly diverse, and rapidly changing. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors’ home is. At the end of the day, it’s the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

I can help...

Contact me for a confidential, no obligation assessment of your home's value.

Lately, it feels like every headline about the housing market comes with a side of doubt. Are prices going up or down? Are we headed for a crash? Will rates ever come down? And all the media noise may leave you wondering: does it really make sense to buy a home right now?

But here’s one thing that doesn’t get enough airtime. Real estate has always been about the long game. And when you look at the big picture, not just the latest clickbait headlines, it’s easy to see why so many people say it’s still the best investment you can make –even now.

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

Santa Clara County

What's

The market for Single Family Homes, Condo, and Townhomes units saw 1,060 closed sales at a median price of $1.7m. There was a total of 1,926 new listings with an average of 20 days on the market without price reduction and with an average price per square foot of $1,133.

in the Santa Clara County data?

May 2025

1,926

$1,133 New Listings

Average Price Per SqFt +5.5% Year-over-Year +0 9% Year-over-Year

1,060

$1.7M

20 $2.2B Average Days-on-Market

Year-over-Year -17 5% Year-over-Year

Data includes all single family, townhome, and condominium sales in Santa Clara County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

24 Average Days-on Market

$981K Median Sale Price

290 Closed Sales

$797 Average Price Per SqFt

$313M Total Volume

San Mateo County

What's in the San Mateo County data?

The market for Single Family Homes, Condo, and Townhomes units saw 480 closed sales at a median price of $1.7m. There was a total of 771 new listings with an average of 21 days on the market without price reduction and with an average price per square foot of $1,133.

May 2025

771

Year-over-Year

$1,133 New Listings Average Price Per SqFt

9% Year-over-Year

480

$1.7M

4%Year-over-Year

21 $1.1B Average Days-on-Market Total Volume -5 2% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Mateo County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

596 New Listings

18 Average Days-on-Market $2M

Median Sale Price

Data includes all single family, townhome, sourced from MLS Listings. The most numbers, but may change with late reported but may contain errors and are subject to revision.

Sales

Price Per SqFt

$105M

Total Volume

Luxury Listings for Sale

San Francisco County

What's in the San Francisco County data?

The market for Single Family Homes, Condo, and Townhomes units saw 418 closed sales at a median price of $1.5m. There was a total of 656 new listings with an average of 32 days on the market without price reduction and with an average price per square foot of $1,071.

May 2025

656

+0.5% Year-over-Year

418

Average Price Per SqFt

$1,071 New Listings

+3 1% Year-over-Year

$1.5M

Year-over-Year +10 1% Year-over-Year

32 $817M

Average Days-on-Market Total Volume -5.9% Year-over-Year +2 5% Year-over-Year

Data includes all single family, townhome, and condominium sales in San Francisco County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

332 New Listings

218 Closed Sales

21 Average Days-on-Market

$1.8M

Median Sale Price

$1,103 Average Price Per SqFt

$535M

Total Volume

Data includes all single family, townhome, and condominium sales in San Francisco County sourced from MLS Listings. The most recent quarter’s data is based on available numbers, but may change with late reported activity. Data from sources deemed reliable but may contain errors and are subject to revision.

324 New Listings

200 Closed Sales

44 Average Days-on Market

$1.2M Median Sale Price

$1,037 Average Price Per SqFt

$281M Total Volume

Luxury Listings for Sale

Alameda County

What's in the Alameda County data?

The market for Single Family Homes, Condo, and Townhomes units saw 904 closed sales at a median price of $1.1m. There was a total of 1,789 new listings with an average of 24 days on the market without price reduction and with an average price per square foot of $753.

May 2025

$753 New Listings

1,789

Average Price Per SqFt +2.8% Year-over-Year -4 3% Year-over-Year

904

$1.1M

24 $1.1B Average Days-on-Market Total Volume +33.3% Year-over-Year -14 3% Year-over-Year

Data includes all single family, townhome, and condominium sales in Alameda County sourced from MLS Listings The most recent quarter’s data is based on available numbers, but may change with late reported activity Data from sources deemed reliable but may contain errors and are subject to revision

Family

1,310

New Listings

22 Average Days-on-Market $1.3M

Median Sale Price

Data includes all single family, townhome, sourced from MLS Listings. The most numbers, but may change with late reported but may contain errors and are subject to revision.

Price Per SqFt

$143M Total Volume

DBeing an independently owned and operated franchise of Keller Williams, KW Bay Area Estates has the position as the Bay Area’s foremost luxury real estate services firm with the execution of best-in-class customer service. KWBAE’s unparalleled team consists of more than 250 associates and professionals strategically located in Los Gatos and Saratoga. Under the same ownership, we have our division of KW Commercial South Bay.

With uncompromising principles, KW Bay Area Estates has established a new standard of excellence within the industry. The company’s growth has been strategic and exciting. Since its inception, the team has successfully represented more than 10,000 transactions, totalling more than $13 billion in closed sales volume.

Dedicated to upholding unparalleled standards for integrity and client care, they strive to create a culture where agents thrive while developing their own businesses to their maximum potential. KW Bay Area Estates has distributed to their associates over $2.7 million in profit share.

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